News

In the context of the ongoing efforts to ensure the accuracy and completeness of the information contained in the Companies Registry, the Department of the Registrar of Companies and Intellectual Property urges all registered companies to proceed with the update of their data in accordance with the provisions of the applicable legislation.

Special attention is drawn to PUBLIC Companies which, although not obliged to submit the notification form for the transfer of shares and/or change in shareholder details (HE57), are required to file their annual reports, in order to ensure the updating of the shareholders’ registry.

The updating of information is essential for the purposes of transparency and the proper functioning of the corporate framework. In cases of not compliance, the relevant procedures and consequences provided for under the Companies Law, Chapt.113, shall apply.